coldspotter wrote:As I am not under any obligation to buy it, I don't. The restaurants that buy a $7 bottle and charge $7 for a glass (or more) will hopefully be out of business soon enough. If more restaurants made a fair profit on their wines, they would sell more wine.

You ever worked in a restaurant or bar? You will not find a single one that doesn't sell a glass for the price they paid for the bottle. If it's a $7 bottle of wine, the glass is $7. If it's a $5 bottle of wine, the glass is $5. There's a slightly smaller markup on expensive bottles, because they don't sell anywhere near as often, and it would make buying it prohibitively expensive. There's usually a slight benefit to buying a bottle instead of four or five glasses.

It's called making a profit, which all restaurants, bars, stores, and businesses are out to do. When I worked for a coffee shop, the SMALLEST markup on anything was the pastries. They cost the shop about fifty cents and sold for $1.50 - $2. That's about the same percentage markup as anyone's getting on a glass of wine. A pound of coffee beans? Purchased for a buck and sold for $10. It's sort of how it works.

coldspotter wrote:As I am not under any obligation to buy it, I don't. The restaurants that buy a $7 bottle and charge $7 for a glass (or more) will hopefully be out of business soon enough. If more restaurants made a fair profit on their wines, they would sell more wine.

You ever worked in a restaurant or bar? You will not find a single one that doesn't sell a glass for the price they paid for the bottle. If it's a $7 bottle of wine, the glass is $7. If it's a $5 bottle of wine, the glass is $5. There's a slightly smaller markup on expensive bottles, because they don't sell anywhere near as often, and it would make buying it prohibitively expensive. There's usually a slight benefit to buying a bottle instead of four or five glasses.

It's called making a profit, which all restaurants, bars, stores, and businesses are out to do. When I worked for a coffee shop, the SMALLEST markup on anything was the pastries. They cost the shop about fifty cents and sold for $1.50 - $2. That's about the same percentage markup as anyone's getting on a glass of wine. A pound of coffee beans? Purchased for a buck and sold for $10. It's sort of how it works.

I don't really have a problem with restaurants pricing a glass of wine at their bottle cost. The problem is when they're also getting 7 or 8 glasses out of the same bottle.